Supplemental Budget Amendment #107 - Insurance Proceeds from Damage to County Property
From:
Stephan Hall, Budget Manager
Organization:
Asst County Administrator
CAO Approval:
RECOMMENDATION:
Recommendation Concerning Supplemental Budget Amendment #107 - Stephan Hall, Budget Manager, Management and Budget Services
That the Board adopt the Resolution approving Supplemental Budget Amendment #107, Transportation Trust Fund (175), in the amount of $16,597, to recognize insurance proceeds received for damage to traffic equipment and other property at various locations throughout the County, and to appropriate these funds into the Road Maintenance and Traffic Operations Cost Centers from where repair costs were expended.
BACKGROUND:
Escambia County received insurance reimbursements totaling $16,597 for damage to traffic equipment and other property at various locations throughout the County. Repairs were done by the Road Maintenance division and Traffic Operations division, so the proceeds will reimburse those cost centers for the work.
BUDGETARY IMPACT:
This amendment will increase Fund 175 by $16,597.
LEGAL CONSIDERATIONS/SIGN-OFF:
N/A
PERSONNEL:
N/A
POLICY/REQUIREMENT FOR BOARD ACTION:
Board policy requires increases and decreases in revenues to be approved by the Board.